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In her new position, the executive will report to UIB LatAm CEO Carlos Gutierrez.
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Available net cash proceeds on closing are now down ~$100mn to $65mn-$110mn
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There is a high likelihood the property claim will be subrogated.
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Roth will be responsible for retroactive and prospective structured reinsurance.
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Global commercial insurance rates rose 1% in Q1, down from a 2% increase in Q4 2023.
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The group has promoted Defne Turkes to COO of its new international insurance unit.
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The carrier increased its top line by 35% to $1.1bn.
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The broker used a consensus-based hypothetical cat event type to analyse its global impact.
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The city alleges defendants knowingly allowed an “unseaworthy” Dali to set sail.
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‘Strong reinsurance cover’ in the UAE, Oman and Saudia Arabia is to be triggered.
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The product was made through a partnership with technology provider Safehub.
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The carrier’s Q1 P&C re combined ratio is around 75%.
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